2ergo forecasts ‘strong returns’
MANAGEMENT at the mobile phone technology company 2ergo has said they expect “strong returns” on investment in the coming year.
In the past year the firm, which helps companies use mobile phones to trade and market services, has invested in acquisitions and in expanding the operational scale of the business.
Overheads have increased but have not grown by the £7.1m initially forecast.
“This saving has allowed the group to bring forward its programme of technical and infrastructure investment, developed in partnership with Capgemini, ahead of schedule,” said 2ergo in a statement to shareholders.
“This has allowed significant progress to be made in integrating the businesses which were acquired in the previous financial year.”
The group now has a presence in the US, India, South America and Australia and has signed up a raft of new clients including Transport for London, ESPN, Aviva, Burberry, Fidelity, Times of India and Cricket Australia.
“The quality of the group’s order book and pipeline has continued to grow across all territories since its interim statement and the board remains confident of continued success over the coming years,” added the company.
